Common use of Exercise Provisions Clause in Contracts

Exercise Provisions. The Option shall become exercisable (i) on the first anniversary of the Option Date with respect to one-third of the number of shares subject to the Option on the Option Date, (ii) on the last day of each calendar month for 24 months thereafter, beginning the month following the first anniversary of the Option Date, with respect to an additional 1/36 of the number of shares subject to the Option on the Option Date, and (iii) as otherwise provided pursuant to paragraphs (b) through (g) of the Agreement or Section 6.8 of the Plan.

Appears in 3 contracts

Samples: Stock Option Agreement (Technology Solutions Company), Stock Option Agreement (Technology Solutions Company), Non Statutory Stock Option Agreement (Technology Solutions Company)

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Exercise Provisions. The Option shall become exercisable (i) on the first anniversary of the Option Date with respect to one-third of the number of shares subject to the Option on the Option Date, (ii) on the last day of each calendar month for 24 months thereafter, beginning the month following the first anniversary of the Option Date, with respect to an additional 1/36 of the number of shares subject to the Option on the Option Date, and (iii) as otherwise provided pursuant to paragraphs (b) through (g) of the this Agreement or Section 6.8 of the Plan.

Appears in 2 contracts

Samples: Inducement Stock Option Agreement (Technology Solutions Company), Inducement Stock Option Agreement (Technology Solutions Company)

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Exercise Provisions. The Option shall become exercisable (i) on the first anniversary of the Option Date with respect to one-third of the number of shares subject to the Option on the Option Date, (ii) on the last day of each calendar month for 24 months thereafter, beginning the month following the first anniversary of the Option Date, with respect to an additional 1/36 of the number of shares subject to the Option on the Option Date, and (iii) as otherwise provided pursuant to paragraphs (b) through (g) of the this Agreement or Section 6.8 10 of the Plan.

Appears in 1 contract

Samples: Employment Agreement (Technology Solutions Company)

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